interest on amount deposited in bank after sale of house
This query is : Resolved
02 January 2010
when we sale house and deposit amount in to special bank a/c for claiming exemption u/s54.Is bank give interest on such deposits
02 January 2010
Dear Sushil
Interest on Bank Deposit shall be taxable as "Income from other Sources"
Interest on Bank Deposit shall be taxable as "Income from other Sources"
03 January 2010
Interest at the rate specified ,from time to time, by Reserve Bank Of India will be allowed and credited to the account at the end of each half-year.
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